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The Guardian - UK
The Guardian - UK
Business
Rachel Savage and agencies

Australian goldminer to pay Mali $160m to free detained CEO and executives

A goldmining operation in Western Australia
Perth-headquartered Resolute Mining has agreed to give more than its entire cash reserves to the government of Mali after its chief executive was detained. Photograph: Kim Christian/AAP

An Australian goldmining company has agreed to pay $160m ($A247m, £126m) to Mali’s government after the west African country’s junta detained its chief executive and two other employees.

Resolute Mining’s chief executive, Terence Holohan, and the other two employees were detained on 8 November in Mali’s capital, Bamako, at the end of a meeting with government officials over tax and other state claims that the miner had previously said were “unsubstantiated”.

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